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FOX Business
Sep 29, 2013 9:00am EDT
kick in. the president admitting the law did kick up taxes. >> it's paid for by a combination of things. we did raise taxes on some things. >> david: some things? well, some here say try a lot of things. they're not things. they're people. it's just the beginning. so are they right or wrong? hi, everybody. i'm david asman. welcome to "forbes on fox." focus with steve forbes, john tandy, rich unger, rich karlgaard, sabrina. some things? >> you get more taxes. the government is running so it you get less supply and less innovation. at the end of the day you get less longevity and more pain. in other countries it's higher taxes or less supply of healthcare. they can't get around it. >> david: rick, we had a solemn promise by the president selling this that the taxes would not go up. now, he admits, first, he violated that promise. this will hit people and their pockets. >> we had a solid promise that the president would not raise taxes on people earning less than $250 ,000. >> david: he said taxes would never go up. >> he didn't say that -- >> david: he did. he said it would pay for
Oct 4, 2013 5:00pm PDT
coming up. last year, the i.r.s. collected billions in taxes but some are calling for a change to the estate tax. critics saying the tax is having a hardship on businesses. we'll look at the issue later in the show. it's friday, october 4, 5:00 p.m. in washington, d.c. you're watching "r.t.." we begin with the wild series of events that took place here in washington, d.c. on thursday. more details are emerging about the high-speed chase through the streets of the nation's capital after a driver attempted to enter a secure area near the white house. >> a day after a high-speed chase came to a deadly end here near the capitol, we're learning more about the suspect in the case. police have identified her as 35-year-old miriam carey, dental hygienist from stanford, connecticut. police found medications for schizophrenia and other mental disorders after searching her home. people close to her say she suffered from postpartum depression. her family members say they have no idea why she was in washington, d.c. police say this started when the suspect tried to ram her black infiniti sedan int
Sep 30, 2013 11:00am PDT
item no. 1. the clerk: item 1: 130784: [business and tax regulations code - miscellaneous changes]1307841.sponsor: chiuordinance amending the business and tax regulations code by, among other things: 11 common administrative provisionss requiring monthly installment payments rather than prepayments of hotel and parking taxes, eliminating the annual parking tax bond renewal requirement; providing a due date for business registration fees, excluding penalties from calculation of interest on tax determinations, adding an underreporting penalty for failure to file a return when tax liability exceeds $5,000 changing the penalty for failure to register or update a registration, making misstatements in a registration, failure to allow inspection or production of records, and failure to file a return; 22 tax on occupancy of parking space in parking stationss eliminating the prepayment revenue control equipment certification; 33 business registration provisionss requiring a copy of the business registration certificate rather than a business tax registration tag be displayed on company veh
Sep 28, 2013 4:00am PDT
income and benefit from the individual exchange because of the tax credit and it would be better to enroll because of the individual exchange. and i think everyone's heard about the individual mandate penalties. and there is a lot of talk about that. there is an individual mandate for 2014 if you can't prove that you had credible health care or an individual policy you are subject to a 1 percent or 95 which is greater. that goes up to 2.5 or $695 which is greater on 2016. on the face of it, it doesn't look like a severe of a penalty. what we tell people that while $95 is not that much much, it's better to have insurance than not. you can't predict what your drug cost are going to be or whether or not you need to see a specialist. get with these plans especially if you have two of these programs to help you out. i think i spoke about the tax credit, i talked about the cost share redeductions. roughly for the tax credits, there are credits for people who earn income up to 400 percent poverty. we caution counselor and people who work with covered california pros -- prospects to not thi
Sep 30, 2013 11:30pm PDT
these programs to help you out. i think i spoke about the tax credit, i talked about the cost share redeductions. roughly for the tax credits, there are credits for people who earn income up to 400 percent poverty. we caution counselor and people who work with covered california pros -- prospects to not think of people as poor, but the program is to determine qualifications for these programs. for example an individual who makes up to 45,000 or a family of four, still qualifies under tax credit. that is not necessarily a poor situation. cost sharing for income of 250 percent federal poverty, that is something that only works for reducing their cost shares in the silver plans. we also want to let people know that there is a medi-cal expansion. they are raising it up to 138 percent poverty level which is about $31,000 for a family of four. i mentioned that there is the one plan that really, one flavor of plans where people can benefit the most if they are in the individual exchange. these are the silver plans. these are all sill -- silver plans. these are at 100-150 and the next one i
Sep 30, 2013 7:00pm PDT
court of appeal for tax fraud banning him from public office for three years. several weeks and a game of chess has been played in italy to avoid berlusconi's fall. >> on friday, the senate committee is due to decide on his fate. or the sony hopes to bring about early elections by then. -- berlusconi hopes to bring about early elections by then. >> you can expect a majority of parliament, which would prevent his decline again and again and again. >> he is not the only one wanting a return to the polls. the northern league and beppe grillo's five-star movement have also expressed hopes for elections. if he does not attract enough support in parliament on wednesday, the italian president may prefer to name a new prime minister. it might not even come to that. as many as 20 senators from berlusconi's party are said to be ready to form a breakaway group if threats continue to bring down italy's government, a -- letta's coalition. >> the latest political crisis had a negative impact on the european markets. here to talk us through it is markets. in italy -- is marcus. in italy, share p
Sep 29, 2013 1:00pm EDT
be picking winners and losers in the free-market system. >> host: stephen moore, is it fair to tax people at different rates, i.e. tax wealthy people like the warren buffets at a higher rate than you would a middle-class person? >> guest: i don't think so and here's why. i think the most economically optimal tax system, the system that will create the most jobs, most opportunity, the most well for america is a flat tax rate inconsistent. not four, five, six, seven ray. this is a system that can be defended not just on economic growth model because those people would agree that just in terms of growth from a flatter system with lower rates and higher tax rates. but also when fairness. let me make this case to you. you and i make the same amount of money. i know you make a lot more than i do. this didn't make the same amount of money. if we live next door, there's something fundamentally unfair if you're paying a lot less taxes than i am. one of the virtues of the flat tax system is that everybody pays their fair share. there's not all these coverups. there's does all these loopholes
FOX News
Oct 5, 2013 2:00am PDT
expected it. but californians were able to pass a tax increase on themselves in order to fund education. >> so 40% top rate nationally for income tax. california is 13 -- 39%. california is 13.5%. that raises an important question we'll ask in the next segment. how much is too much to pay in taxes? we'll take a break. more of the t bipartisan group of [ male announcer ] this is the age of knowing what you're made o why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pai it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away, if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. >>> welcome back to this special edition of "hannity." our college forum featuring a bipartisan stu
FOX News
Oct 4, 2013 9:00pm PDT
. >> turned into a budget surplus. no one expected it. but californians were able to pass a tax increase on themselves in order to fund education. >> so 40% top rate nationally for income tax. california is 13 -- 39%. california is 13.5%. that raises an important question we'll ask in the next segment. how much is too much to pay in taxes? we'll take a break. more of the t bipartisan group of dad! dad! katy perry is coming to town. can we get tickets, pleeeeease??? tickets? hmm, sure. how many? well, there's hannah, maddie, jen, sara m., sara b., sa -- whoa, whoa. hold on. (under his breath) here it comes... we can't forget about your older sister! thank you, thank you, thank you! seriously? what? i get 2x the thankyou points on each ticket. can i come? yep. the citi thankyou preferred card. now earn 2x the points on entertainment and dining out, with no annual fee. to apply, go to female announcer: female announcer: save up to 35% on a huge selection of clearance mattresses. get two years interest-free financing on tempur-pedic. sleep train's inventory clearance s
Al Jazeera America
Oct 1, 2013 3:00am EDT
. they are planning an increase of the national sales tax from 5% to eight%. as wayne hain reports, it could prove risky. >> japan's tax increase is the big picture but it's here in the small shops the effect will be felt the most. >> when the consumption tax goes up all living costs go up including children's education fees. i can't be happy about that but i know the tax hike is inevitable. >> in order to maintai main main confidence in the country i have decided to raise the sales tax rate from 5% to 8% on april 1, 2014. they have several policies aimed at rejuvenating the economy. so far they seem to be working. the small economic steps that japan has been climbing could become slippery again when the cost of living goes up. what the government is doing is boosting consumption and boosting investment right now, so the impact of the tax hike won't be felt as much. it's unlikely the economy falls back into a recession. >> the plan will see the sales tax double, the first step is from five to eight percent which will come into effect in april. the second step is an increase to 7% in th
Sep 30, 2013 1:00am EDT
winners and losers in the free market system. >> is it fair to tax people a different way and tax the wealthy people like warren buffett at a higher rate than you would middle class -- >> i don't think so and here's why. the most economically, the system that would create the most jobs and opportunity, the most well for america is a flat rate from the system. not four, five, six, seven. this is a system that i think can be defended not just by economic growth models because most people would agree just in terms of growth in the system with lower rates. but also on fairness and let me make this case to you. in you and i make the same amount of money. i know you make more than i do but let's say we make this amount. if we live next door to each other we make the same amount. there is something fundamentally unfair. you pay less taxes than might and one of the virtues of the flat tax system is that everybody pays their fair share. everybody pays the same rate. there's not all fees' car walz. you don't get a deduction for investing in wind mills all this other stuff and they say that is a
Sep 29, 2013 10:30am EDT
repealing the medical device tax. included in each amendment are three changes i have requested. the first change is the date the house passed, december 15, to give us more time to passed the fiscal appropriations bills. i have been frack civil on this issue from the very beginning. this longer time frame will help us avoid the potential need for another cr in the interim. thethe second change would make a technical change for the anomaly on the eisenhower commission. headed by the senate, this change will simply continue the status quo of a hole on that project. finally, the third will add a new anomaly to extend the authority for the united states to issue special immigrant visas for the length of the cr. this authority is necessary to ensure the visas continue for iraq is who assisted the u.s. during the war, many of whom put their lives on the line to do so. it has become clear that since the cr was first introduced, this new prison -- provision has wide bipartisan support. one of our primary jobs as members of congress is to provide our people with important programs and service
Oct 6, 2013 11:30am EDT
don't attract and obtain the world's best talent. tax and regulatory burden and there's too much uncertainty out there and it's washington's fault. so, those are the problems. once you know the problems and there can be no doubt now what the problems are because we heard it everywhere we went. >> what can washington actually do about that, john, then courtney, i want you the weigh in. >> we make a number of suggestions, we address the uncertainty coming out of washington. i think the thing all business people are looking for is meaningful progress on the debt and deficit front. one thing that became clear is that business people, entrepreneurs, viewed debt and deficits as a proxy for future taxation because somebody has to pay the debt. meaningful, credible process on debt and deficits. tax reform. tax simplification. immigration reform is an enormously important issue in terms of skill and talent, so there's a whole range. >> courtney, i want you to weigh in on the point that washington tends to overlook new businesses and start-ups. why is this happening? >> i think it's very t
FOX Business
Oct 5, 2013 2:00am EDT
year do i have to start paying taxes on the part of my employer pays. gerri: these of the questions. what we can ask is if i don't accept my employer's coverage is there up penalty? >> if you do get credible coverage from the and sorry from your employer you should not be able to get insurance off the stage with the for the first year they are not coriig or if they are checking it they did turn it down and go to the obamacare in they will not check. gerri: they will not check anything in the first year. steve? she is worried about taxes that is a very good question. >> t issue of that medical benefits they will be taxed to her if she buys it on her own if she does not but drops out of the employer plan and does not buy anything now she has to pay the individual mandate tax is now starting at $95 per year but it goes up every year about $500 after a few years. gerri: $95 at 2014 but also a percentage and that brings me to the e-mail what is a fine of not getting obamacare? i have heard $95 or percentage of income. >> asserts with 1% of your income per year starting 2014 then it is 2.
Sep 29, 2013 6:00am EDT
patients. it cut the death rate from stroke by 50%. a new $30 billion medical device tax was enacted. it is a tax on sales. explain why this industry was singled out. the effects have been devastating. the00 job losses across country have been announced. once these jobs go overseas, they do not come back. research and development is the lifeblood of this industry. have a letter from 975 organizations. the signers include the chamber of commerce, numerous doctors and physicians that are directly impacted by the tax. i ask that you include it in the record. we know tax is bad policy. we know there is support in this chamber to repeal the tax. the senate did not act before the end of the year. -- cosponsors's of the legislation to repeal this tax. last april, when the senate was votedng this budget, 79 their intention to repeal the tax. how often do we have such an overwhelming bipartisan majority .nd support on an issue said mosturchill people stumble over the truth and then pick themselves up. tax hascal device -- this isobs and what health care reform was supposed to support. congres
Sep 29, 2013 5:00pm EDT
. that mean not only physical security, which provides safety from a tax by aggressors, it means also economic security and social security. the individual political rights upon which the united states had been built, roosevelt argued, were necessary but not sufficient to guarantee true freedom and security. fdr then announced an economic bill of rights, which is sometimes called the second bill of rights that included the right to a job and a living wage, the right to housing, education, and security in old age, and right to adequate medical care and the opportunity achieve and enjoy good health. so even though fdr missed hearing florence greenberg's speech, we hear ebbing coast of -- echoes of it in his second bill of right. the idea of social and economic rights are supplement to political rights started back when the french revolution. the idea to provide medical care was more recent. discussion of the kind of right became prominent in the 1930s and' 40s. first of all, medical care itself was becoming more effective. it was starting to matter much more in everyone's lives. by the
Oct 3, 2013 6:00am EDT
broad consensus about the gas tax is really not sustainable, middle and long-term. and yet there's still a lot of focus on the gas tax for this next bill. do any of you have a concern that if we do a pretty big heavy lift in this bill and still focus on the gas tax, you know, we are still not getting to a fully sustainable system? >> sure. senator vitter comment appreciate that question. look, i think that there are two things going on. one is that the current gas tax, the flat gas tax that has existed since 1993, is not sustainable. but i do think there's some hype out there that gas tax in general are not sustainable and that, the whole country is not going to be using gasoline or diesel in the near or long-term future, or medium-term future. that is really just not correct. set at the right rate and adjusted for the right variables, and we know the fleet is going to become more efficient, you've got to adjust the. if you just for the right things but i think the gas tax and the diesel tax have a great ability to continue to serve as a proxy as a good use of the for all. there ar
FOX Business
Sep 29, 2013 2:30am EDT
terrible thing. justice roberts when he imposed obamacare on us calling at it tax, nowhere is in there, in the law it says it's a tax. he invented that. >> eric: i read this often. i'm still looking for it. >> in ten years the federal budget doubled. there is a belief government can do whatever they want if they get votes. this is not a democracy. this is a republic. they turn them in the bankrupt retirement programs like social security that make up the trillions in unfunded liability for country. but now as well. is government limited? it doesn't look like it based on what is going on in dc. >> eric: i want the producers to roll the clip of president obama, before he was elected. he warned to us change the direction of america. he was elected anyway. take a listen. >> we are five days aw from fundamentally transforming the united states of america. >> eric: we did it anyway, didn't we? >> yes. >> oncep once an entitlement is created, there is no going back. there to stay. we have a battle in capitol hill. the members of congress know once obamacare is in, there is no way to tak
Sep 29, 2013 12:15am EDT
necessary may still be improper and therefore unconstitutional. the narrow tax power ruling allows the government to only levy small taxes on nonpurchases. but congress probably won't use the power it can achieve the same economic goal by offering politically easier tax credits. for the first time, the the court by a 7-2 vote found that the federal government can't cohearse the states by attaching too many strings on federal funding. still, by letting obamacare survive in a dubious manner, i call a unicorn tax. a creature of no known constitutional province that will never be seen again. roberts undermine the trust people have that courts impartial rather than political actors. i never thought i could feel so empty and still do after having court majority offer such ringing endorsement of my theories, not mine alone, on the commerce necessary and proper and spending clauses. what bothers me isn't that roberts' changed his vote. judges do that regularly. instead that his tax section simply doesn't compute even justice ruth bader begins berg who expressed skepticism about the taxing
Sep 30, 2013 11:00pm PDT
follows the federal law. there are tax credits that encourage small groups to pick up coverage if they don't currently offer them. for the years 2010-2013, this were some premium tax credits given to small businesses if they paid half the premiums of their cost. starting in 2014, however, those credits which increase only if you buy your small group plan includes small group option plans. that's the significant change in 2014. if you want your tax credits and you are a small business owner, that's where you have to buy your coverage and how you get your tax credit. so, that's what's happening to small groups. the most important thing for you to know is that there two exchanges. for your constituents, in the individual change, that might fall in the options program or the exchange. i will talk about what it is and what it suspect because -- isn't because there is misunderstanding about it. california coverage, is not obamacare, it's really a separate entity that was formed in california. there is a separate governance and non-profit. what they have done is two changes one for indiv
Oct 1, 2013 5:30pm PDT
raise the nation's consumption tax. members of his cabinet have given approval. >>translator: we must return hope and viger to japan's economy along with the confidence to grow. we will preserve people's trust in our country and pass on a sustainable social security system to the next generation. it is the responsibility of my cabinet to pursue these tasks simultaneously. today i have decided to raise the consumption tax from 5% to 8% by 3 percentage points starting next april in accordance with the law. >> the government estimates a boost annual revenues by $80 billion. he says the funds will maintain the social security system. abeaid out measures to minimize the negative impact of the hike he says government will draw up the budget worth $50 billion. some money will go directly to low income earners to support their households. abe says the government will consider scrapping a corporate tax designed to raise money for reconstruction areas in areas hit by the 2011 disaster, set to expire end of march 2015. abe wants to ends it a year early. the prime minister spent months weighing t
FOX News
Sep 30, 2013 12:00am PDT
questions crossed the line. >> after years of harrassment, they are getting tax exempt status, but is she satisfied? >> it is an honor to put on the school jersey. and it is a me, me, me. and representing the whole school. >> the high school football coach who suspended the team on the life lessons you can't learn studying a play bock. >> americans you want the repolled and i wont be surprised if the democrats secretly wanted it repolled. the show down on capitol hill. ♪ >> welcome to huckabee. we are coming to you from little rock, arkansas. brace yourself, because i think there may be one aspect of obama care where the president is absolutely right. >> if it was as bad as they said it was going to be, they could let it happen and everybody would hate it so much and then everybody vote to repeal it and that would be the end of it. >> the republicans need to stop fighting among themselves about who dislikes obama care the most. every single republican in the house and senate voted against it. everyone. not one republican is on the hook for obama care. the democrats own it totally and co
Oct 1, 2013 4:00am EDT
government. >>> shinzo abe is able to raise japan's sales tax with a fresh stimulus package. >> hi, everyone. good morning. really glad that you're with us for the next two hours here on "worldwide exchange." we've got lots to talk about. of course, we're going to be heavily dominated here on the show on this u.s. partial government shutdown. we're just seeing the eurozone pmi manufacturing data coming through on the wires. 51.1. that means we've seen a little bit of a fall. this is down from around 51.4 that we saw the last time around, but bang in line with the flash estimates. again, 1 51.1. by and large, it does look like we're seeing stabilization to the folds that we were previously seeing a couple months back. let's grab the german jobless data while we're at it, as well. here we're seeing a german september unadjusted jobless total falling to 95,000, falling by 97,000, excuse me, to just over 2.8 million. so we're looking at a jobless rate, a seasonal jobless rate of 6.9%, which means that we've risen from what we saw back in august. 6.8% is what we saw in august. 6.9% is t
Oct 5, 2013 10:00am EDT
made obamacare's individual mandate a tax. i was in the courtroom that fateful june day, and my emotions quickly cycled through shock, denial, anger and later depression before -- [laughter] settling into the bargaining stage of grieving. >> still not over it. >> to be sure, as i'm sure randy will discuss, the decision was a constitutional win -- a constitutional win in at least four ways. it's now clear that the government can't compel activity in order to regulate it, legislation that's necessary may still be improper and, therefore, unconstitutional, the narrow tax power ruling allowed the government only to levy small taxes on nonpurchases, but congress probably won't ever use this power because it can achieve the same economic goal by offering politically-easier tax credits, and for the first time the court by a 7-2 vote found that the federal government can't can coerce the states by attaching too many strings on federal funding. still, by letting obamacare survive in such a dubious manner -- i call it a unicorn tax, a creature of no known constitutional providence that'll
Sep 29, 2013 3:30pm PDT
at the three-year tax return and that statement. we do a lot of home care and mom-and-pop shops. we also do start ups. we asked for approval through documents. we work a lot with people who do not know how to file taxes properly. we are mainly focused in san francisco. we are small. we focus mainly on the tenderloin, chinatown, bayview, visitation. we do a lot of expansion. people start small through the credit union and then want to go to the bank. we know we are limited. we cannot afford to give out a big loan. starting from the credit union, we educate them about filing taxes properly and then moving on to the bank, a small one, expansion, and we work with the bank. the bank and credit union are similar. we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need to see consistent income coming in. so far, a credit union delinquent rate is
Oct 5, 2013 4:00am EDT
of your 401(k) and fund your i.r.a. they are tax-blessed vehicles. the money in a 401(k) or i.r.a. comes from your pretax and you don't pay taxes on the money you contribute. while your money stays in these accounts you pay no taxes on your profits. no capital gains taxes, no dividend taxes. that's compound for free for years. tax-free gives you much larger returns over decades and decades. you only pay taxes when the money's withdrawn and then it's taxed as regular income just the once. that's a sweet deal especially if you're worried about tax rates on dividends or capital gains going higher. a lot of people trying to front run the change in tax law at the end of the fiscal cliff thing at 2012. turned out you didn't have to but many people were worried about it. as much as i like the tax favored status of 401(k) plans and i.r.a.s, i've got to tell you something heretical almost nobody else is going to say. most company plans, most 401(k) plans, they stink. they have high management fees, administrative costs, eating your returns, particularly when the returns are low. and worst
Oct 5, 2013 3:00pm EDT
significantly reduce the local tax base, the biggest recipients are schools on military bases and on indian reservations. i have 11 tribes in minnesota, and some of them get about a third of their school funding from the federal government. i'm on the indian affairs committee, and i can tell you that sequestration has been hitting them even harder than it's been hitting other people. these are some of the most vulnerable kids in the country. their after-school programs are being canceled because of the sequester. and now on top of that, impact aid is at even greater risk because of the shutdown. that is not right, it is just wrong. some veterans' services through the department of veterans affairs are curtailed and if the shutdown goes on much longer v.a. will not be able to process benefits claims claims and payments, aggravating the claims backlog that we've been working so hard to address. these are just some of the effects that the shutdown is having on minnesotans. people are suffering. minnesotans who have written me and called my office want congress to get things done, to do our wor
Oct 2, 2013 7:00pm EDT
republicans that does not involve new taxes? >> you know, i think it is possible for us to make sure that we are not increasing the income tax rate? that is something that was debated during the campaign. that's now behind us. i think it is very important for us to continue to cut out programs that are unnecessary, not working, some of them need to be reformed. it is important for us to deal with our long-term entitlement spending, but i also think it's important for you to make sure we're investing in the things that are going to help the economy grow. i'll give you one specific example. every business that's watching this program relies on good roads, airports that function, ports that are working, and we are vastly under-investing in what is critical for our long-term growth. we have to find a way to pay for that. >> is there any deal you could accept, even a small deal, that does not involve revenue, which is the problem on the republicans' side? >> i think we have to distinguish between income tax hikes -- >> you mean loophopes too? >> we'll have to close in loopholes in order t
FOX Business
Sep 29, 2013 1:30am EDT
so many people are calling into question all the delays and all the provisions and all the taxes and all of the add-ones, they are waking people up to the reality that, wait a minute, this guy yamerred on for 21 hours straight. he is reminding me of the exchanges of which i know little. my boss doesn't have any information. i don't know what i'm getting into it. so the politics of it notwithstanding, it reminded people we have a mess on our hands. and letting it go untethered is a problem. >> well, you know, politically, neil, i agree with your political analysis. i don't think cruz is crazy. i think he really -- >> yes, do you. you just don't want to say it because that's not cool to -- >> well, i'm not finished. >> aha. >> i completely disagree with him. and i think -- and i think while you've got the political analysis right, i think what he's doing is disgusting and shameful because what we should be doing is pulling together for legislation that's been enacted and help it be good. i respect what you're saying -- >> i love you dearly, adam, but what's disgusting is that peopl
Oct 1, 2013 7:00am EDT
stories we're following this hour. japan's prime minister is set to announce a sales tax increase. one he's planning to couple with a multibillion dollar stimulus package. >>> iran's president has sent another signal to the u.s. as he studies the possibility of resuming direct flights between the nations. >>> and authorities in china turn to overseas investors as they try to revive economic growth. >>> executives at japanese companies are feeling better about this state of the economy. they say it's recovering steadily. a key gauge of business sentiment at major manufacturers rose for the third quarter in a row. hit the highest level since the collapse of lehman brothers in 2008. officials say the weaker yen is one of the main reasons. bank of japan officials released the results of the quarterly tankan. the sentiment among major manufacturers stood at plus-12 points, up 8 points from the previous survey three months ago. officials attributed the increase to better earnings by automakers, electronics, manufacturers and other export-oriented firms. they also said sentiment has strengthe
Oct 2, 2013 7:30am EDT
minister shinzo abe decided to raise the consumption tax from the current 5% to 8% starting next april. but he doesn't want it to dampen economic growth. he wants businesses to hire more people and boost wages. >> translator: we will carry out bold stimulus measures to seize the opportunity for further economic recovery. we are committed to balancing economic revitalization and fiscal reform. >> government officials will create an economic stimulus package ahead of the text hike. it includes a supplementary budget. worth about $50 billion. it offers $10 billion in corporate tax breaks. a special levy imposed to help recovery in disaster-hit regions could be scrapped one year early. the officials hope to encourage businessowners to pay their workers more and bump up capital investment. but opposition lawmakers say they are against the move unless it guarantees higher wages. the finance ministry will bring in specialists to discuss ways to secure long-term market trust for japanese government bonds. the national debt exceeds $10 trillion. >>> we asked economists and investors outside jap
FOX News
Sep 29, 2013 5:00pm PDT
questions crossed a line. >> her group is finally getting tax exempt status, but is she satisfied? >> it's an honor to put on your school jersey, in a world of me, me, me and you are representing the whole school and community. >> the high school coach who suspended his whole team on the legend you can't learn from studying a playbook. >> the american people want this lawrie peels and republicans want it repealed. i wouldn't be surprised if a number of the democratic colleagues secretly want it repealed. >> the showdown on capitol hill. ♪ >> welcome to huckabee. we are coming to you from little >>> welcome to huckabee. we're coming to you from little rock, arkansas. brace yourself. i think there may be one aspect of obama care where the president is absolutely right. >> if it's as bad as they said it was going to do, they can go ahead and happen and everybody would hate it so much and then everybody would vote to repeal it, and that would be the end of it. >> you know, the republicans need to stop fighting among themselves about who dislikes obama care the most. every single rep
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